The next ECB rate decision is on 29 October 2026, in 24 days.
The Governing Council of the European Central Bank decides on policy rates eight times a year, roughly every six weeks. The dates are fixed years in advance and come from the ECB’s official meeting calendar. A rate change takes effect on the Wednesday after the meeting.
For past dates, the table shows how the Council decided. For coming ones it shows the outcome markets currently consider most likely, provided the corresponding futures contract already trades. For the most distant dates it does not yet; they are listed anyway, because the date itself is fixed.
Upcoming rate decisions
| Date | Lead time | Most likely deposit rate | Probability |
|---|---|---|---|
| 29 October 2026 | in 24 days | 2.50% | 84% |
| 17 December 2026 | in 73 days | 2.75% | 62% |
| 4 February 2027 | in 122 days | 3.00% | 43% |
| 18 March 2027 | in 164 days | 3.00% | 41% |
| 29 April 2027 | in 206 days | 3.25% | 35% |
| 10 June 2027 | in 248 days | not yet traded | — |
| 22 July 2027 | in 290 days | not yet traded | — |
| 9 September 2027 | in 339 days | not yet traded | — |
| 28 October 2027 | in 388 days | not yet traded | — |
| 8 December 2027 | in 429 days | not yet traded | — |
| 16 December 2027 | in 437 days | not yet traded | — |
| 3 February 2028 | in 486 days | not yet traded | — |
| 23 March 2028 | in 535 days | not yet traded | — |
| 4 May 2028 | in 577 days | not yet traded | — |
| 8 June 2028 | in 612 days | not yet traded | — |
| 20 July 2028 | in 654 days | not yet traded | — |
| 7 September 2028 | in 703 days | not yet traded | — |
| 12 October 2028 | in 738 days | not yet traded | — |
| 6 December 2028 | in 793 days | not yet traded | — |
Past rate decisions
Outcome per the ECB’s official rate series; each change took effect on the Wednesday after the meeting.
| Date | Decision | Deposit rate after |
|---|---|---|
| 10 September 2026 | +25 bp | 2.50% |
| 23 July 2026 | No change | 2.25% |
| 11 June 2026 | +25 bp | 2.25% |
| 30 April 2026 | No change | 2.00% |